High Yield Market: All Time Low Yields

Via Distressed Debt Investing:

According to both the Barclays high-yield index and the CS HY index, yields in high yield have reached an all time low of ~6.6%. Further, over the last few weeks, traders and syndicate desks have been whispering of a simply gargantuan amount of high yield and leveraged loans coming this month. Certain desks have been advocating a move to CCC assets as they still yield approximately 100 bps over their all time low seen on...wait for it...May 2007.